Rare Infrastructure Ltd buys $204,819,355 stake in NextEra Energy Inc (NEE)

NextEra Energy Inc (NEE) : Rare Infrastructure Ltd scooped up 18,551 additional shares in NextEra Energy Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 1,615,422 shares of NextEra Energy Inc which is valued at $204,819,355.NextEra Energy Inc makes up approximately 9.01% of Rare Infrastructure Ltd’s portfolio.

Other Hedge Funds, Including , Donaldson Capital Management boosted its stake in NEE in the latest quarter, The investment management firm added 6,370 additional shares and now holds a total of 208,812 shares of NextEra Energy Inc which is valued at $26,475,273. NextEra Energy Inc makes up approx 3.53% of Donaldson Capital Management’s portfolio.Mariner Wealth Advisors boosted its stake in NEE in the latest quarter, The investment management firm added 6,345 additional shares and now holds a total of 15,975 shares of NextEra Energy Inc which is valued at $2,025,470. NextEra Energy Inc makes up approx 0.11% of Mariner Wealth Advisors’s portfolio.Vaughan David Investments Incil reduced its stake in NEE by selling 2,383 shares or 1.4% in the most recent quarter. The Hedge Fund company now holds 167,609 shares of NEE which is valued at $21,251,145. NextEra Energy Inc makes up approx 1.16% of Vaughan David Investments Incil’s portfolio.Sit Investment Associates Inc reduced its stake in NEE by selling 242,870 shares or 53.3% in the most recent quarter. The Hedge Fund company now holds 212,830 shares of NEE which is valued at $27,303,961. NextEra Energy Inc makes up approx 0.70% of Sit Investment Associates Inc’s portfolio.Palo Capital boosted its stake in NEE in the latest quarter, The investment management firm added 24,659 additional shares and now holds a total of 43,250 shares of NextEra Energy Inc which is valued at $5,614,283. NextEra Energy Inc makes up approx 1.86% of Palo Capital’s portfolio.

NextEra Energy Inc opened for trading at $120.75 and hit $121.24 on the upside on Thursday, eventually ending the session at $121, with a gain of 0.05% or 0.06 points. The heightened volatility saw the trading volume jump to 20,82,172 shares. Company has a market cap of $55,901 M.

On the company’s financial health, NextEra Energy Inc reported $1.67 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $1.57. The company had revenue of $3817.00 million for the quarter, compared to analysts expectations of $4346.45 million. The company’s revenue was down -12.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.56 EPS.

Many Wall Street Analysts have commented on NextEra Energy Inc. Shares were Reiterated by Deutsche Bank on Jul 28, 2016 to “Buy” and Lowered the Price Target to $ 133 from a previous price target of $134 .Company shares were Reiterated by Mizuho on Jul 18, 2016 to “Buy”, Firm has raised the Price Target to $ 138 from a previous price target of $125 .

NextEra Energy Inc. (NEE) is a holding company. The Company operates through its wholly owned subsidiaries Florida Power & Light Company (FPL) and NextEra Energy Resources LLC (NEER). It is an electric power company in North America with electric generating facilities located in 27 states in the United States and four provinces in Canada. Its segments are FPL and NEER. FPL is an electric utility engaged primarily in the generation transmission distribution and sale of electric energy in Florida. NEER owns develops constructs manages and operates electric generating facilities in wholesale energy markets primarily in the United States as well as in Canada and Spain. Corporate and Other segment represents other business activities primarily NextEra Energy Transmission LLC (NEET) and FPL FiberNet. NEET operates through Lone Star Transmission LLC a transmission service provider in Texas and New Hampshire Transmission LLC a transmission owner in ISO New England.

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